The Pound Australian Dollar.

Good evening Dynamic Traders,

Tonights chart is of the GBPAUD which as you can see is in a good downtrend.

Price action of late has however seen a bounce up from mid October and has been consolidating from about the end of October producing what could be a DT scenario.

GetStochastics is showing the latest false bar to the downside as would be expected and Friday produced a kind of hanging man candle formation and today has had a good down day, but is being held up by the trendline support.

You should all know how to trade this with an entry order for the short side should price continue on its southerly way as the longer and medium term trends are down whilst the short term trend has recently popped up.

The correct entry system should keep you out of trouble should price decide to turn up, but if it does this can be traded using ESLT on the consolidation break should other confluences predict.

As always please ensure to do your own analysis before taking any trades.

Charts courtesy of AdvancedGet.

Good luck.

Clayton Farnworth.

The British Pound Swiss Franc.

Good afternoon Dynamic Traders,

Hope some of you got in on the action on Friday and managed to capture some of the 340 pips offered after Thursdays post, in all a very good week was had last week.


On to todays chart of the GBPCHF which may be in a position for a continuation.

This pair is showing a DT formation in early August as can be seen on the chart below, and has since trended downwards to mid October where a bounce occurred which tagged the higher breather and since then the trend has resummed to its original downward tract.

Friday's price action however has given a possible short oppportunity in TS whilst this occurred Thursday in AG, albeit that it has now turned out to be a doji candle which offers the possibility of a pullback before the possible continuation, which could also tie in with the fact that although the longer and medium term trends are down the shorter is up.

GetStochastics is not showing a trend bar to the downside as yet although the last false bar was at the bottom of this indicator, and AdvancedGet is showing a W5 in progress but is disputing its credibility, therefore meaning a possible up move.

Therefore a mixed bag of trading information but decide which you think is best and trade accordingly as the up move may be short lived should it happen, but be aware signals are stronger for one direction, and a possible H&S pattern could be forming longer term, but is obviously not confirmed as yet.

As always please ensure to do your own analysis before taking any trades.

The Euro New Zealand Dollar.

Good evening Dynamic Traders,

There will be no chart tonight as I cannot get it to upload.

Thank goodness for ESLT, as regarding last nights post no trade was triggered due to the BOB being false as price action today could end up producing a bearish engulfing candle ( at time of writing) although it has plenty of time to alter before the close of play for today, and so as also mentioned last night it now looks like the divergence shown on the chart was just too much.

Anyway on to tonights currency pair of the EURNZD mentioned on Tuesday, where I said a long trade was possibly on the cards and up to todays high has offered some 400 pips plus some of which could have been gained.

That by the wayside now though as todays movement has now brought into play another way of trading which you should all be familiar with and all criteria are in place.

However before rushing in make a discretionary call due to the longer and medium term trends being down whilst the shorter is up and also the V.I. is a little north.

As always please ensure to do your own analysis before taking any trade.

Good luck.

Clayton Farnworth.

The Euro.

Good evening Dynamic Traders,

Sorry for tonights post being delayed but have been trying to get on to the blogger page for over an hour and half but could not access it.

Today has certainly shown some promising moves on the markets and one of them is of the EUR which could possibly have moved into a position for a continuation, as it has now broke its recent consolidation high which has also surpassed the strong '000' figure area.

However trade this appropriately with your correct filters as the MACD indicator is showing divergence across different timeframes indicating a possible pullback could be due.

A fibonacci reversal area is due north which is clustering with an extension which could be the resistance to cause the pulback.GetStochastics is also showing false bars to the upside as expected.

As always please ensure to do your own analysis before taking any trade.

Charts courtesy of AdvancedGet.

Good luck.

Clayton Farnworth.

The Euro New Zealand Dollar.

Good evening Dynamic Traders,

Tonights chart is of the EURNZD and was last mentioned on the 2nd November which offered a little over 600 pips.

Tonight you will see that after the breach of the strong figure and resistance price bounced up and then continued its downtrend as suggested but in doing so has made a possible 123 pattern.

As with most currency pairs of late the big moves are being followed by pullbacks or consolidations before deciding what to do next, this pair being of no exception.

Price action at present is providing a DT in a downtrend but as shown on the chart below the confluences are possibly pointing towards a further move north due to the 123.

With the 123 now making the DT the best way to trade is by a break of the top or bottom and then ESLT accordingly.

I am favouring the long side but am not predicting this and will trade either way should confluences direct.

As always please ensure to do your own analysis before trading.

Charts courtesy of AdvancedGet.

Good luck.

Clayton Farnworth.

The Danish Kroner

Good afternoon Dynamic Traders,

This weekends chart is of the DKK which is showing signs of possible changing direction soon albeit that this would be against the heavy downward trend.

I mentioned this chart about a month ago saying the best direction at that time was with the trend and price did indeed offer about a further 500 pips, but did also say that a good fibonacci reversal area lay nearby to the southward side, and after tagging this price proceeded to move up about 1000 pips only to come back down to a similar area at which I wrote about it last time which is in conjunction with the strong psychological '0000' figure area and now after a possible 123 DB formation.

Although the initial entry point has been missed on Nov 11 with the doji candle formation a planned entry can be worked out here with proper analysis.

With this 123 DB pattern formation, a squeeze is now in progress and so after doing your own analysis you can decide whether going agaist the trend is your preferred way due to building confluences for this or to wait and see if the direction of the trend is still favourable, and continues.

AdvancedGet is showing a W5 in progress still with its next projection at around the 4.4400 - ( a little too far off possibly or is the trend going to be your friend here ? )

Therefore there is a pattern formation versus trend scenario happening here and due to confluences I am favouring a move up and will trade should the correct entry come about but will also trade the downward move should that occur and although for more intraday trading the lower timeframe could be offering this opportunity soon which I am keeping an eye on.

As always please ensure to do your own analysis before taking any trades.

Charts courtesy of AdvancedGet.

Good luck.

Clayton Farnworth.

The New Zealand Dollar.

Good evening Forex Traders,

Tonights chart is of the NZD and is in a position of a 123 formation both longer and shorter term.

This could just be a retrace/pullback or start of a trend change. I am not trying to predict anything here but by putting confluences together I am trying to get trading opportunities.

Together with the 123 pattern and MACD divergences there is also the elipse being tagged from the recent October pullback who's high also tagged the MOB at a significant figure as shown on the chart below.

There is also a retest of the broken trendline with an OB Stochastic indicator with no false bar and an RSI heading down and below fifty.

Remember this is heavily against the trend and so trade accordingly in conjunction with your trading plan.

As always please ensure to do your own analysis before taking any trade.

Charts courtesy of AdvancedGet.

Good luck.

Clayton Farnworth.

The British Pound Japanese Yen.

Good evening Dynamic Traders,

Tonights chart of the GBPJPY is showing a penant formation which could be close to breaking.

The short and medium term trends are up whilst the longer is still down, and price is currently finding support around the strong figure area.

Stochastics is in a slow upward moving position but the most recent false bar is to the downside, whilst RSI is above the fifty level.

As mentioned the lower trends are up and therefore should be your friend, but be aware that the V.I. is not too far north

The conservative way to trade is the high or low breaks but if of an aggressive stance and wish to trade the penant break then beware false BOB's.

High impact news is out tomorrow on this pair with regard to the GBP and on Friday with regard to the Yen. One of these could well start the move but as already said beware a false BOB.

As always please ensure to do your own analysis before trading.

Charts courtesy of AdvancedGet.

Good luck.

Clayton Farnworth.

The Swiss Franc.

Good evening Dynamic Traders,

Tonights chart of the CHF, is currently standing at the former support level again after bouncing up as mentioned on the 20th October.

Once again price is testing the strong figure and former support level and nothing has changed since last reporting apart from the pips up as mentioned.

The trend is still down as can be seen with the V.I. and so may have just been having a breather rather than a change of direction so as to try and break this support.There is still a good fibonacci reversal area just south though and this could be validated with the convergence going on both longer and shorter term with the MACD indicator.

This is a cautious time with the figure being of such strong psychological support and this is being confirmed with the DB pattern of late and possible 123 on the lower timeframe chart.

Remember patience is a virtue and so await direction to use ESLT.

As always pleae ensure to do your own analysis before trading.

Charts courtesy of AdvancedGet.

Good luck.

Clayton Farnworth.

The New Zealand Dollar Canadian Dollar.

Good evening Forex Traders,

Tonights chart is of the NZDCAD.

The recent high of late October did breach the strong figure which was also at a fibonacci reversal area but then price has since come down.

This is a good one for the watchlist as there are multiple timeframe divergences with MACD and both longer and shorter term too across some timeframes.

With this showing some classic signs of a possible 123/DT wait for your triggers as this would be against the trend should it happen as they are all up at present but showing possible signs of weakening although AdvancedGet EW count is showing further movement north.

As always please ensure to do your own analysis before taking any trades.

Charts courtesy of AdvancedGet.

Good Luck.

Clayton Farnworth.

The Aussie Canadian, and recap of last week.

Good evening Dynamic Traders,

Tonight I thought I would do a re-cap of last weeks blogs as well as bringing to your attention a possible swing trade this week on the AUDCAD.

Last Sunday I mentioned this pair when it stood at 0.9760 and said a possible pullback was on the cards which could have been traded using the correct methods before continuing with the trend. Since then price came down some 200 or so pips but on Friday (NFP) has now possibly gone into the continuation mentioned last Sunday due to trends and a break North and so your appropriate filters could be used, but again as mentioned the figure is close by and so beware, and trade appropriately.

Other trades mentioned last week where the EURNZD, which has not triggered a short on the daily timeframe yet but as mentioned was for the watchlist, and last week price action on the weekly chart did make a doji at the V.I. so perhaps this week could see some movement-keep watching.

Wednesday post on the GBP regarding DD has since moved up a possible 60 pips or so but nothing to get excited about but if this trade was taken and depending on your TP you could still be in it but without having moved your stop so keep vigilant, as conditions are still valid and obstacles mentioned Wednesday still in the way, see Wednesday's post.

Regarding the NZDJPY on Thursday a possible 50 some pips movement have occured but obviously these all would not have been had due to entry filters etc. and ability to trade appropriate timeframes, but once again as 'NFP' is out of the way hopefully trading can get back to normal.

Get ready for another challenging week ahead in the markets.

As always please ensure to do your own analysis before trading.

Good luck.

Clayton Farnworth.

The New Zealand Dollar Japanese Yen.

Good evening Dynamic Traders,

Tonights chart is of the NZDJPY.

Current price action coulod possibly be forming a bearish flag/two legged extension, but the V.I. is not too far below.

Price is following the underside of the broken trendline here at the moment and RSI is down and below fifty, but caution is warranted as all trends are up and NFP is out tomorrow.

Keep an eye on this cross to see the outcome of the battle between a possible pattern against the trends.

As always please ensure to do your own analysis before taking any trades.

Charts courtesy of AdvancedGet.

Good luck.

Clayton Farnworth.

The Pound Dollar.

Good evening Dynamic Traders,

Sorry for not posting last night but had an accident and did not feel I could give my best.

Tonight, after all the pullbacks and consolidation that has been going on, caution and patience have been the best option of late.

However, on looking through the charts I have noticed that the GBP today at present is in the parameters of DD, although this is an unfinished candle, and should be analysed later at the close of play to see if it is still within the rules.

There are obstacles to be considered here, one being the consolidation, and therefore recent highs, but it is looking favourable and with a correct entry and good management, could pay dividends as all trends are up as of yesterday.

Charts courtesy of AdvancedGet.

Good luck.

Clayton Farnworth.

The Euro New Zealand Dollar.

Good evening Dynamic Traders,

Tonights chart for the watchlist is the EURNZD.

All trends are down here currently, but price appears to be making a pullback and has reached the lower fibonacci breather level.

At the time of writing price action today is making a doji candle although it is not complete, and price is at a RN.

The V.I. is down and GetStochastics is OB with false bars to the downside.

Although not ready to trade as yet a possible aggresive entry can be determined should the downside movement continue.

As always please ensure to do your own analysis before taking any trade.

Charts courtesy of AdvancedGet.

Good luck.

Clayton Farnworth.

The Australian Dollar Canadian Dollar.

Good evening Dynamic Traders,

Tonights chart is of the AUDCAD on the daily timeframe.

At present price stands at a very strong former resistance, but this pair is in a good uptrend and stands at the 0.9800 figure area, just shy of the 1.0000 , another strong psychological area.

GetStochastics is showing the false bars to the upside as expected as all trends are up.

A break north could mean a continuation here and could be traded accordingly using your filters, as you should make the trend your friend, but caution could be warranted as the MOB has now been broken and confluences such as the fibonacci cluster area being in this vacinity of the afore mentioned resistances are building to offer a hint at a possible pullback/reversal, so wait until opportunities arise for your entry points, if you are already in this trade then good management is paramount here.

If a short trade is to be considered then use your appropriate tools and techniques as this would be against the trend and you need to be confident in this approach.

As always please ensure to do your own analysis before taking any trades.

Charts courtesy of AdvancedGet.

Good luck.

Clayton Farnworth.